ENA/USDC – What is the next move? Rise, consolidation, or decline?

Complete analysis based on price action, moving averages, and RSI (daily chart + 4h)

The ENA/USDC pair recently broke an important descending trend line on the daily chart with increasing volume, suggesting a possible structural reversal. The price is now between two crucial moving averages:

MA50 (0.3566) – acting as support

MA200 (0.4886) – possible medium-term target

The daily RSI shows recovery from low levels, and I am attentive to possible touches below 30 on the 4h RSI — which, according to my setup, are ideal opportunities for accumulation.

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Possible scenarios:

1. Rise – 60% probability

Validated break of the descending trend line

Increasing volume and candles closing above the line

Daily RSI in recovery

Confirmation above 0.3439 may unlock movement up to the MA200

2. Consolidation – 30% probability

Possible consolidation between 0.3439 and 0.3700

Healthy accumulation before possible expansion

RSI and volume not yet extreme

3. Decline – 10% probability

Only valid if the price closes below the MA50 (0.3566)

False break of the descending trend line or bull trap

Bullish structure invalidated on the 4h

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Current strategy:

Fractional entry in the accumulation zone, focusing on reinforcement when the 4h RSI is below 30, and stop below the daily MA50.

And you, how are you positioning yourself in ENA?

Leave your analysis or opinion!

#ENA #USDC